The SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions
Bernstein analyst Laurent Yoon no longer recommends any of the major telecommunications stocks as he warns of more volatility ahead.
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# Summary Bernstein analyst Laurent Yoon has downgraded his stance on major telecommunications stocks, citing SpaceX's satellite internet ambitions as a prolonged competitive threat to traditional telecom business models like AT&T's. The analyst's shift away from recommending telecom stocks signals expectations for increased market volatility in the sector as SpaceX's Starlink service scales and potentially disrupts legacy wireline and wireless revenue streams.
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